Daily Racing Profits (or The Daily 3) is a new to market horse racing tipster service that is operated by Pete Bowman. The core premise of the service is a simple one (it’s right there in the name). It does however use a somewhat niche approach to betting to produce a profit.
Introduction to Daily Racing Profits
I’m generally speaking a bit of a simple man. And as such, I tend to like simple things. I’m (almost) as happy having a curry and a pint at my local Indian as I am enjoying fine Japanese cuisine and aged sake at a fancy restaurant. Which is a big part of why I love it when a tipster service tells me everything that I should need to know about it in the name of the service. But in my experience, putting too much trust in this isn’t always the best idea. You know the old saying “don’t judge a book by it’s cover”? Well, that can work both ways.
You see, in theory, today’s subject looks like an absolute winner. Daily Racing Profits is ultimately pretty straight forward, it is massively profitable, and according to Pete Bowman, he has a solid betting system in place to find selections (a point that I contend, but we’ll get to that a little bit later). Honestly, as far as tipster services go, it isn’t necessarily the most impressive looking thing, but that only makes it all believable, right?
Well, I’m not so convinced. You see, as is so often the case with this kind of thing, the sales material paints one picture. And in the case of Daily Racing Profits, I would even go as far as to say that Pete Bowman has done a very good job of it. But when it comes to this sort of thing, there can be as much said in the negative space as there is in the positive. What I mean by this is that reading between the lines, there are ultimately a lot of problems. So, let’s get straight into it.
What Does Daily Racing Profits Offer?
As I’ve already said, ultimately, Daily Racing Profits is pretty straight forward, and that doesn’t have to be a bad thing. The truth is that some of the most successful tipster services that I have ever looked at have made their profits through doing one thing, and doing it very bloody well. As such, given that Pete Bowman claims to be on to such a thing, why wouldn’t he stick to it?
In the case of Daily Racing Profits, this thing is patent bets. And it is because of the fact that the bet type is so integral to the wider service that I am going to start by talking about it. For those of you who aren’t familiar, a patent bet effectively involves placing seven different bets on three different horses (which is why Pete Bowman also refers to it as “The Daily 3”).
These bets are three singles, three doubles, and a treble. The idea here is that in theory, you maximise your chance of winning by covering those shorter odds single bets, whilst ensuring that if all of the horses come in, there is substantial profit potential. This is an approach that I’ve seen applied before with some bigger and smaller exotic accas, sometimes to great success.
Now, as the The Daily 3 subtitle suggests, Daily Racing Profits provides just three selections per day. This means that ultimately, because you are putting it into a patent, this is a pretty low volume service. That isn’t a bad thing given the nature of it, because you can very easily go away and ensure that you are getting the best possible odds.
That is something that is quite important with Daily Racing Profits, because despite Pete Bowman’s claims about how often you will win (something that I will come back to later), I don’t believe that you will be winning very often. As such, you really want to make sure that every win is maximising your profit, which of course means taking advantage of an odds comparison website.
Don’t get me wrong, Pete Bowman isn’t exactly backing favourites to begin with. There are some pretty moderate odds involved with Daily Racing Profits, but that only makes it more important to ensure that you’re squeezing every possible point of profit out of a bet that you can.
With that out of the way, let’s talk logistics. Daily Racing Profits is a daily affair. Pete Bowman goes out of his way to point out that he will generally be advising a selection every day, and that on the rare occasions where there isn’t a bet available, you will receive an email notifying you of this fact.
This means, as you would of course expect, selections are also sent out via email. Typically speaking you will receive these on the morning of racing, however, it can be a bit late in the day. It is also noteworthy that Pete Bowman doesn’t really provide a whole lot of information when he sends out those tips to Daily Racing Profits subscribers. All that you are really told is which horses to back. This is yet another reason that odds comparison can be so important. Because otherwise, you’re just placing your bets with “any bookmaker online or on the high street”.
Finally, I just want to touch a little bit on the numbers side of things, because this is an area of Daily Racing Profits that does rather concern me. You see, on each patent, Pete Bowman advises staking 1 point per bet. That effectively means 7 points per day. That is quite a hefty amount to be betting. Especially when you factor in that a betting bank of just 100 points is recommended. That isn’t a lot at all in my opinion.
This is in spite of a claimed strike rate for Daily Racing Profits of 52.17%. Of course, that number looks great. Unfortunately, it seems to be based on the (very limited) evidence that Pete Bowman provides. This is however a data sample of just 8 bets. That is hardly conclusive. Furthermore, that strike rate of 52.17% includes horses that have won, despite a bet not making a profit. If you are looking purely at profitable bets, the number drops ever so slightly to 50%.
How Does Daily Racing Profits Work?
One of the things that I love (in an ironic way) is that Pete Bowman appears to talk in great detail about what his selection process entails. There is literally a section titled “My Selections & How They’re Picked”. Unfortunately, this doesn’t actually tell you anything. It’s a clever piece of marketing, don’t get me wrong, but in terms of understanding what you’re getting into… Well, it’s all a bit naff if I’m honest.
What we are told is that selections are picked by “narrowing down the races on a given day by following a simple set of rules”. What kinds of rules? We seemingly don’t need to know that, because Pete Bowman doesn’t share this at all. All that we are told is that it allows him to concentrate on those races where he knows he has a better chance of picking a winner.
From there, we are told that he looks at form. That is at least some indicator of what is involved, but it also concerns me that form is being exclusively used. Whilst it can be an important factor in picking winners, it can also be an approach that long term can see some very substantial losses. This concerns me with Daily Racing Profits because there remains that massive gap in knowledge of the first phase of the selection process.
Finally, we have the bets themselves. We are told that Pete Bowman uses patents over Trixie bets because he doesn’t like picking a winner and not see a return. In theory, that makes some sense, but rarely do the numbers add up. The fact is that adding in those single bets doesn’t actually seem to add anything of substance to the overall results for Daily Racing Profits.
What is the Initial Investment?
If you want to sign up to Daily Racing Profits, there is only one option that Pete Bowman has available. This gives you access to “The Daily 3” for 90 days at a cost of £33 plus VAT. This means an effective cost of just £11 per month (ish) which seems like exceptional value for money.
On top of this, there is also a 30 day money back guarantee in place. This is backed up by the fact that Pete Bowman is selling Daily Racing Profits through Clickbank. They are generally pretty good at honouring this on products they handle payment for, so long as you aren’t the kind of person who returns something every other week.
What is the Rate of Return?
The headline for Daily Racing Profits is that “The Daily 3” has produced a profit of £3,285. Given that is based off those aforementioned stakes, and £10 per point, you’re looking at a claimed 328.5 points of profit in less than a month. That is a very substantial return.
And looking at that very limited evidence, it isn’t even like Pete Bowman has attained all this from one bet with the full patent that supposedly came in landing some 210 points. This means there is still 118.5 points produced form the rest of the bets. Unfortunately, I am very sceptical about these results.
Conclusion for Daily Racing Profits
There are a fair few things that are wrong with Daily Racing Profits in my opinion. And the blunt fact of the matter is that they are things that I can’t really bring myself to overlook. Some of the issues, if I’m honest, are much smaller than others, but that is only in part due to the fact that the biggest issues surrounding the service are massive.
Now, with that said, let’s start by talking about the results. They seem great, but as I said, I’m sceptical of them. Why exactly is this? Well, the “evidence” provided by Pete Bowman runs up until the 8th of November. All days that played out before Daily Racing Profits launched. As such, there is no way of verifying if they area genuine bets or not. What I will say though is that everything I’ve seen suggests that this was a miraculous run of form, or the results are very questionable.
This ties in with my second concern. A lack of proofing. There are two possible reasons for this in my eyes. Firstly, Pete Bowman only actually has 8 days of bets to draw on. If that is the case, it is massively worrying in its own rights as you definitely aren’t dealing with a proven system. The other reason is that the results have been fabricated. It also begs the question of why we haven’t seen any proofing since then.
On top of that, you’re being asked to allow for a drawdown of just 14 bets. That is just 2 weeks. If you don’t have any luck in that period, your betting bank is pretty much gone. With longer term proofing, you can see how sustainable that is, but taking a strike rate of 52.17% off the back of a little over a weeks betting just isn’t a wise choice. It’s that simple.
Finally, there is the lack of insight into the selection process. I’ve never expected any tipster to give away their full system. I don’t think it’s a reasonable expectation. But there should be enough information to do two things. Firstly, allow somebody to make an informed decision about whether a service is right for them. And secondly, demonstrate some knowledge and understanding of what they are betting on. Pete Bowman does neither.
But the thing that really nails home that Daily Racing Profits isn’t to be trusted in my opinion comes from the vendor who is selling it. Way back at the start of this, I was talking about looking at the negative space. That is to say, the things that aren’t necessarily visible. In this case, it is a vendor who in 2020 has released 5 different betting systems including this one.
Not surprisingly, none of those services are available any longer. Nor are they (to the best of my understanding) operational either. Does this necessarily condemn Daily Racing Profits to the same fate? Technically, no, it doesn’t. But would I buy into it on the grounds that it might be above board and genuine? Absolutely not.
About the best thing that you can say about Daily Racing Profits is that it’s cheap. £33 really isn’t a lot of money. But it is about so much more than just the cost of the service. The fact is that you are fundamentally putting quite a substantial amount of money at risk with a service like this in terms of what you are investing.
With all of that in mind, I really wouldn’t look to recommend Daily Racing Profits. Honestly, there isn’t a single thing about what Pete Bowman is doing here that I like. This is a service that in my mind, is just riddled with problems and risk. Problems and risk that aren’t just me being prudent, but actively discredit the wider service. And that just really isn’t good enough.